Consumer expectations are changing, and those consumers are expecting more from the businesses they choose to interact with. Industry 4.0 can help you meet changing consumer expectations. "If you employ a smart manufacturing strategy to meet these challenges, you need to focus on the two characteristics that matter most: agility and sustainability." Adaptability is a very important factor, especially with the rise of customization. By becoming more efficient and sustainable, there is more wiggle room for that customization.
The half-life of a successful product or business strategy is shrinking, and the rate of change is accelerating, primarily due to increasingly complex and quickly changing customer demands. Succeeding in this new environment requires nimble, innovative and fast-moving businesses and factories. That means you need to continually change what you’re doing, even if it’s been successful so far. Because what worked in the past may not necessarily work in the future. Read More